While the latest “pause” from the Federal Reserve has markets rallying in anticipation of rate cuts next year, for borrowers rates remain high. And, if the Fed does begin cutting next year, it’s highly doubtful that rates will come down anywhere near as fast as they were raised over the past year.
That leaves a multitude of borrowers still scrambling for creative financing options in the short term, and likely for most of 2024 as well. One company that has shifted its business strategy to address the needs of borrowers in this environment is Medallion Financial (MFIN).
